NVIDIA Co. (NASDAQ:NVDA) Position Lowered by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA reduced its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 493,413 shares of the computer hardware maker's stock after selling 19,129 shares during the period. NVIDIA accounts for about 4.6% of Baldwin Wealth Partners LLC MA's holdings, making the stock its 5th biggest position. Baldwin Wealth Partners LLC MA's holdings in NVIDIA were worth $66,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its position in shares of NVIDIA by 11.3% during the fourth quarter. Foundations Investment Advisors LLC now owns 589,546 shares of the computer hardware maker's stock worth $79,170,000 after purchasing an additional 59,906 shares in the last quarter. Main Line Retirement Advisors LLC increased its position in NVIDIA by 6.0% during the fourth quarter. Main Line Retirement Advisors LLC now owns 5,661 shares of the computer hardware maker's stock worth $760,000 after buying an additional 320 shares during the period. Parsons Capital Management Inc. RI increased its position in NVIDIA by 64.9% during the fourth quarter. Parsons Capital Management Inc. RI now owns 273,831 shares of the computer hardware maker's stock worth $36,773,000 after buying an additional 107,727 shares during the period. West Wealth Group LLC lifted its stake in NVIDIA by 52.0% in the fourth quarter. West Wealth Group LLC now owns 29,764 shares of the computer hardware maker's stock valued at $3,997,000 after buying an additional 10,183 shares during the last quarter. Finally, New Perspectives Inc boosted its holdings in shares of NVIDIA by 57.6% in the fourth quarter. New Perspectives Inc now owns 2,773 shares of the computer hardware maker's stock valued at $372,000 after acquiring an additional 1,013 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA stock traded down $5.76 on Friday, reaching $134.35. The company had a trading volume of 226,998,737 shares, compared to its average volume of 265,515,719. The company's fifty day moving average is $134.66 and its 200 day moving average is $130.91. The company has a market cap of $3.29 trillion, a P/E ratio of 52.87, a PEG ratio of 1.75 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 1 year low of $74.22 and a 1 year high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share. On average, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. TD Cowen upped their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Phillip Securities reiterated an "accumulate" rating and set a $160.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Truist Financial raised their price target on NVIDIA from $148.00 to $167.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on NVIDIA from $155.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, Citigroup lifted their target price on NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.21.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.